Coherent Corp. — First Quarter Fiscal 2027 Earnings Summary

Coherent Corp. reported first-quarter fiscal 2027 revenue of $2.37 billion, representing a 50% year-over-year increase and a 56% increase on a pro forma basis. The company achieved a GAAP gross margin of 39.1% and a non-GAAP gross margin of 40.6%, while diluted earnings per share reached $1.90 on a GAAP basis and $2.09 on a non-GAAP basis. Management expects second-quarter fiscal 2027 revenue to fall between $2.55 billion and $2.75 billion, with non-GAAP gross margins projected between 40% and 42%. Additionally, Coherent anticipates exceeding 60% pro forma revenue growth for the full fiscal 2027 year and achieving its first $3 billion revenue quarter by the end of that fiscal year.